2023 BIF to ILS Historical Review

YEARLY HIGH

0.0018 ILS

YEARLY LOW

0.0013 ILS

YEARLY AVERAGE

0.0015 ILS

2023 BIF to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0018. Conversely, the yearly low was recorded on June 17, dropping to 0.0013.

This high-to-low spread represents a total annual volatility of 0.0005 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0017 to the December average rate of 0.0013, the exchange rate registered a net change of -22.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0018 was up 2.18% compared to the 2022 peak of 0.0017, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BIF based on timing:

Yearly Peak High 9 ILS

2022 Average 8 ILS

Yearly Trough Low 6 ILS

Transaction Impact: A difference of 2.63 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0018

0.0012

JanuMarcMayJulySeptNove

BIF to ILS Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0016, compared to 0.0013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0016

H2 Avg (Jul–Dec) 0.0013

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0005 ILS (High: 0.0018 / Low: 0.0013). On the other end, September was the most stable month, with a tight range of 0.0000 ILS (High: 0.0014 / Low: 0.0013).

May Spread (Volatile) ±0.0005

September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0003 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0017) against the same month in 2022 (average: 0.0016), the exchange rate shifted by +0.0001 (+8.71%).

2023 Avg (March) 0.0017

2022 Avg (March) 0.0016

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0017	0.0016	0.0017
February	0.0018	0.0016	0.0017
March	0.0018	0.0017	0.0017
April	0.0018	0.0017	0.0017
May	0.0018	0.0013	0.0016
June	0.0013	0.0013	0.0013
July	0.0013	0.0013	0.0013
August	0.0013	0.0013	0.0013
September	0.0014	0.0013	0.0013
October	0.0014	0.0013	0.0014
November	0.0014	0.0013	0.0013
December	0.0013	0.0013	0.0013